It takes more and more dollars to hold less units of Bitcoin. Its inflation, its supply and demand. Bitcoin has more purchasing power, However, very volatile, even though you use it to purchase if you still hold units for fraction of bitcoin, in dollar value its price still goes up, therefore you maintain your purchasing power. Frankly, Bitcoin is a threat to the dollar and therefore the type of currency used for issuing stocks. Warren Buffet knows this, I just don't think he likes the fact that he's probably gonna have to sell all his paper assets to buy ICO's which is something he does not understand. I think over time, eventually the dollar will lose is value and meaning. I think Warren Buffett is great, I admire him because he is brilliant and I believe his investing principles can be applied to anything especially ICOs and Bitcoin. His principles can be transferred to other assets classes. It is simply a wealth transfer.
Bitcoin might only be a part of a big picture of financial institutions. We need to diversify our resources, you never know!
@cloudspyder
LOTA ;)
https://steemit.com/steemit/@tradz/1000-f0llowers-party-time
It takes more and more dollars to hold less units of Bitcoin. Its inflation, its supply and demand. Bitcoin has more purchasing power, However, very volatile, even though you use it to purchase if you still hold units for fraction of bitcoin, in dollar value its price still goes up, therefore you maintain your purchasing power. Frankly, Bitcoin is a threat to the dollar and therefore the type of currency used for issuing stocks. Warren Buffet knows this, I just don't think he likes the fact that he's probably gonna have to sell all his paper assets to buy ICO's which is something he does not understand. I think over time, eventually the dollar will lose is value and meaning. I think Warren Buffett is great, I admire him because he is brilliant and I believe his investing principles can be applied to anything especially ICOs and Bitcoin. His principles can be transferred to other assets classes. It is simply a wealth transfer.
You make me understand that the critical mass has much yet to come:)